After the death of a loved one, many families face numerous issues. In addition to grieving their loss, they often face probate, financial, and inheritance issues. More specifically, families typically need to communicate with employers, insurance companies, mortgage companies, and banks after a death. Many families also need to work with real estate professionals to sell real property. Other families need to claim life insurance and benefits. For most families Texas inheritance professionals greatly help during difficult times.
Texas Inheritance Professionals Help Collect Insurance, Bank Accounts, and other Non-Probate Assets
After the death of a loved one, families often need to contact banks, insurance companies, and employers to collect assets. More specifically, many people own assets that are referred to as non-probate assets. These assets need to be claimed after the death of the owner. Further, most of these benefits require an original death certificate and documented communications to collect.
For this reason, many families prefer to hire an inheritance professional to claim these assets. Further, an inheritance professional can often break through red tape and speed up claiming these funds. In many situations, these funds help pay transition and living costs for survivors.
Texas Inheritance Professionals Also Help Transfer Real Estate and Trapped Wealth
After the death of a person in Texas, most of their wealth immediately transfers into their estate. This estate wealth typically includes real property and accounts without designated beneficiaries. These trapped assets typically require probate through a lawsuit to transfer.
A Texas inheritance professional typically reviews estate assets to determine if there is a need for probate. Further, the professional can often determine the best way to move an estate through probate. More specifically, a good inheritance professional can often avoid or limit travel and court appearances for the family.
Texas Inheritance Professionals Often Work With Other Estate Professionals
In helping families with inheritance issues, Texas inheritance professionals commonly work with other estate professionals. More specifically, they often work with real estate inheritance professionals to sell real property. They also commonly work with estate sale professionals to sell personal property. They also commonly work with financial professionals to claim and transfer accounts and on tax issues.
More Information on Texas Inheritance Professionals
A good Texas Inheritance Professional can help families through a difficult time. Further, this professional can often free wealth and inheritance while limiting issues and hassles a family faces. The professional can also speed up transfers of wealth and maximize recovery of all inheritance.